Thread regarding GlobalFoundries layoffs

COBRA

Anyone received the package in mail yet? If wish not to enroll, any action needed? Overheard that COBRA keeps on automatically renewing, if not reject during enrollment period…

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| 1305 views | | 2 replies (last March 4, 2023) | Reply
Post ID: @OP+1ltCpGCc

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No, you have to be proactive and contact Cobra if you choose to use them. The default is: GF deposits a lump sum roundabout Mid March to your bank, and then you can buy Cobra if you choose or none at all. I’ve been re-employed since January so I’m just going to spend the money towards my new Truck.

Look at the Cobra payout Chart on the Employee resource website , for instance, if you currently have Anthem You + Spouse they pay out $1700 x 4 months.

You plus family pays out even more.

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Post ID: @sru+1ltCpGCc

Didn’t receive it but based in the past default was not to sign up

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Post ID: @dgd+1ltCpGCc

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